Shiba Inu Trading to Begin Tomorrow on Crypto Exchange Kraken

Kraken, a cryptocurrency exchange, has announced acceptance for the shiba inu meme cryptocurrency (SHIB). Deposits are already open, and SHIB trading should begin on Tuesday. Following Kraken's statement, the price of SHIB skyrocketed.

SHIB on Kraken: Deposits are now open, and trading will start tomorrow.

Kraken, a cryptocurrency exchange, stated on Monday that shiba inu (SHIB) deposits are now available, with trading anticipated to begin on Tuesday. The following was written in the exchange:

We are ecstatic to announce that Kraken now supports Shiba Inus (SHIB).

"Funding is online, and we expect trading to begin tomorrow, November 30 – at which point Kraken will enable order entry and execution," the exchange said, adding that futures and margin trading will not be available at launch.


According to the statement, the Shiba Inu token will be tradeable against USD and EUR on Kraken, with a trading minimum of 50K SHIB, a price precision of 8 decimal places, and a quantity precision of 5 decimal places.

Furthermore, Kraken stated that SHIB deposits require 20 confirmations, which it believes will take approximately five minutes. 373K SHIB is the minimum deposit. SHIB's price has risen more than 13 percent since Kraken's statement, from $0.00003899 to $0.00004422 at the time of writing.

Shiba inu crypto investors have been waiting for Kraken to fulfill its promise to list SHIB for nearly a month. On November 1, the exchange stated that if its tweet received 2K likes, the platform will list SHIB the next day. Within the time span allotted, SHIB supporters delivered almost 45K likes. Kraken, on the other hand, failed to deliver on its promise.

"Community is a crucial component of our deliberations for all listings, and you have clearly proven your support," the exchange tweeted on Nov. 2 instead of listing SHIB. As we progress through the listing review process, we have more work to perform."

Meanwhile, fans of the shiba inu cryptocurrency continue to campaign for SHIB to be listed on the trading site Robinhood. The petition has received over 540K signatures as of this writing. However, Robinhood recently stated that it is not in a rush to add more cryptocurrencies to its platform. This month, another major crypto exchange, Gemini, added support for SHIB.

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Robert Kiyosaki, author of Rich Dad, Poor Dad, says he's buying Bitcoin and Ether as inflation rises.

Robert Kiyosaki, author of the best-selling book Rich Dad, Poor Dad, has stated that he is increasing his bitcoin and ether purchases in response to mounting inflation fears. "Inflation is a levy on the poor and middle class," says the author. "Inflation enriches the wealthy," he stated emphatically.


Robert Kiyosaki Predicts Inflation, Says He'll Buy More Bitcoin and Ether

In response to the frightening rise in inflation, Robert Kiyosaki, author of Rich Dad Poor Dad, has stated that he is buying more bitcoin and ether.

Kiyosaki and Sharon Lechter co-authored Rich Dad Poor Dad in 1997. For nearly six years, it has been on the New York Times Best Seller List. The book has been sold in more than 109 countries and has been translated into 51 languages.

The Dollar Tree has been renamed the $1.25 Tree. Inflation is a form of taxation imposed on the poor and middle classes. Inflation increases the wealth of the wealthy. Get a head start. Become wealthier. I'm increasing my gold, silver, bitcoin, ethereum, rental property, and oil purchases.

According to statistics from Bitcoin.com Markets, when he tweeted about buying more BTC and ETH, the price of bitcoin was around $56,267 and the price of ether was around $4,238. Bitcoin is currently trading at $57,264.26, while ether is trading at $4,294.

On various instances, Kiyosaki has warned against inflation. For a long time, he has also advocated for bitcoin. In October, the bestselling author of Rich Dad, Poor Dad tweeted that President Joe Biden and the Federal Reserve are "ripping off poor people," forecasting that the United States is headed for a depression. He claimed that Biden and the Federal Reserve "need inflation to prevent a fresh depression," and that both are "corrupt." He predicted a massive crash, followed by a new depression. He then advised people to invest in gold, silver, and bitcoin.

The "Fed wants inflation to pay debt with cheaper dollars," Kiyosaki tweeted in May, adding that the "Fed will hike interest rates, causing stock, bond, real estate, and gold crashes." The "greatest difficulty," according to the famed author, is "boomer retirement," with social security, Medicare, and America all being "broke." He advised investors to "stick with gold, silver, and bitcoin" since the Fed will print "more false money."

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In Collaboration With Palau, Ripple Will Launch A Climate-Friendly National Digital Currency

Some countries are planning to go with the flow as the usage of digital assets grows across multiple mainstreams. As a result, most governments throughout the world are focusing on building a national digital currency that can be linked to their fiat currencies. This is the fundamental reason for the Republic of Palau's partnership with Ripple's digital payment network.

Ripple will help the Pacific Island country build its national digital currency as part of the cooperation. The start-up ensures that the digital money is USD-backed and may be used to make cross-border payments in Palau.


In addition, Ripple revealed that the agreement would result in the creation of a national stablecoin in the first half of next year. This will be the first of its sort in the world with government support.

Ripple has hinted that Palau's national digital currency might not be a Central Bank Digital Currency (CBDC). According to the digital payment network, its support for Palau spans design, business, policy, and technology.

It discussed the implications of investigating a USD-backed stablecoin and its applications on the XRP Ledger. It was stated that such an application would be a better alternative to CBDCs for a country like Palau.

President Suangel Whipps Jr. of Palau affirmed that the national digital currency provides citizens with more financial access.

Ripple's Commitment to Climatic Considerations

Furthermore, as an island, Palau is vulnerable to climatic change. Another reason for the relationship with Ripple is because of this. XRP Ledger, according to the network, is carbon-neutral and saves 120,000 times more energy than Proof-of-Work blockchains.

James Wallis, Ripple's VP of Central Bank Engagements, expressed his enthusiasm for the engagement with Palau in dealing with both financial and climatic challenges. He claims that it allows them to showcase their expertise and technology while taking advantage of Palau's distinctive features. As a result, they will have a significant impact on the country's economic and social elements.

Ripple's role in environmental and climatic factors is far more complex than that of a newcomer. In February of this year, the network declared its goal of becoming carbon-neutral by 2030. The approach entails converting XRP carbon net-zero using the EW Zero tool. EW Zero, as an Energy Wen open source solution, will allow developers to purchase tokenized renewables, allowing them to become carbon net-neutral.

In addition, Ripple piloted a $44 million fundraising project for Nelnet Renewable Energy, a fintech company. This effort aimed to raise funds for environmentally concerned campaigns in the United States.


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Crypto is mentioned in the coalition agreement of the new German government.

The new German coalition wants to make the "European financial market supervisory statute" applicable to cryptocurrency assets and businesses. Crypto was mentioned in the new German government's coalition agreement, which advocates for a level playing field between traditional finance and "creative business models."


This week, three German political parties reached an agreement on a coalition that would see the left-leaning Social Democrats (SDP), the Green Party, and the right-leaning Free Democrats take power in December.

The coalition calls for a new "dynamic in regard to the benefits and hazards from new financial innovations," such as crypto assets and blockchain enterprises, according to a rough translation of the 177-page agreement released on Wednesday:

"In order to ensure holistic and risk-adequate oversight of new business models, we are adapting European financial market supervisory regulation to accommodate digitization and complicated group structures."

"For the crypto sector, we need united European monitoring." The agreement further states that "we require crypto asset service providers to consistently identify the beneficial owners."

The European Union regulatory authority should "not only look after the traditional financial sector, but also prevent the exploitation of crypto values for money laundering and terrorist financing," according to the text.

Following the German federal election on Sept. 26, the establishment of the coalition allegedly took two months of discussions. It also marks the end of Angela Merkel's 16-year reign as Chancellor, who will be succeeded by the SDP's Olaf Scholz.

The adoption of cryptocurrency is increasing across the European Union.

On the other hand, the European Council, which determines the EU's political agenda, approved the "Regulation on Markets in Crypto Assets" (MiCA) framework and the "Digital Operational Resilience Act" on the continent.

MiCA, in particular, proposes to create a "regulatory framework for the crypto-assets market that fosters innovation and draws on the potential of crypto-assets," as originally developed by the European Commission in September 2020. While the European Parliament must yet ratify it, if it is passed, it will subject crypto asset issuers to more strict regulations, but nonfungible tokens and utility tokens will be exempt from the rule.

The progressive regulatory plan was dubbed the "most crucial one to date for the entire crypto sector" by Reddit member u/BelgianPolitics in the r/CryptoCurrency subreddit on Friday.

At the time of writing, the Reddit user's study had nearly 900 comments and provided a full rundown of the proposed laws under MiCA. The importance of the proposals was stressed by the author:

"Every entity operating in the European Union will be required to respect these rules." However, due to the 'Brussels Effect,' there is a significant probability that these rules will eventually become international standards. While everyone's attention is drawn to the United States and China, the EU is quietly leading the way."

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Due to regulatory concerns, Etoro will limit Cardano and Tron services in the United States

Etoro, an Israeli-based trading website, has banned the trading of cardano and tron on its platform. Beginning in December, consumers in the United States will have limited access to these cryptocurrencies on the Etoro platform. These new restrictions, Etoro noted in a blog post, are the result of "business-related concerns in the shifting regulatory environment."



Cardano and Tron trading is restricted for Etoro customers in the United States.

For consumers situated in the United States, Etoro, one of the most major Israel-based trading companies, has restricted tron and cardano trading. The statement was issued on November 23 in a blog post informing clients of the platform constraints that will be imposed on certain assets. Beginning December 26, users will no longer be able to initiate positions in these cryptocurrencies, and they will no longer be able to stake these assets beginning December 21.

This, however, only applies to newly created roles. Existing positions must be maintained by users, however after the operation is closed, the payout (if any) will be executed in dollars. Positions in smart portfolios will also be transformed to personal positions so that the user can keep track of them. Etoro explained that it is taking these steps because of "business-related factors in the shifting regulatory environment." The company is most likely attempting to shield itself from the regulatory uncertainties that the bitcoin industry is currently experiencing in the United States.

Hoskinson responds

Etoro's surprising actions spurred Charles Hoskinson, the founder of Cardano, to retaliate. Hoskinson discussed the global regulatory uncertainty that cryptocurrency faces, particularly in the United States. Hoskinson had this to say about it:

It appears to be a risk control and policy modification for a specific European business, and liquidity for US participants was restricted.

At the same time, another European cryptocurrency exchange, Bitstamp, has announced that cardano would be supported on its platform. This would confirm Hoskinson's conclusion that Etoro's restriction is merely a one-off measure by a single platform, rather than a symptom of a broader trend of exclusion. Hoskinson further stressed that Etoro's decision would have no impact on the currency's liquidity in the market because it was a minor platform for the token.

Hoskinson also advocated for regulatory clarity, claiming that it would be the only way to resolve all of these issues. Justin Sun, the founder of Tron, on the other hand, has remained silent on the subject.

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Coin of the meme The UK Advertising Standards Authority is investigating the FLOKI ad campaign.

According to BBC reporting, the Advertising Standards Authority (ASA) is reviewing adverts for the Floki Inu (FLOKI) cryptocurrency that were posted on public transit in London. Indeed, the Advertising Standards Authority is examining "a large body of commercials in this area" to see if they are in violation of advertising standards. Despite the fact that the team behind the Floki Inu cryptocurrency marketing campaign claimed to have been "legally certified." The creators stated:

"A prominent notice underlining the volatility of cryptocurrency is also included in these advertising."

Concerns about the token's authenticity

Concerns about the crypto token's authenticity arose after no information about its creators could be located online; nevertheless, Floki Inu notified the BBC in an email:

"We purposefully did not prominently showcase team members on our website to emphasize that Floki is the people's coin and a movement centered on them."

It stated that its "legal company" was situated in Georgia, and that during know-your-customer checks, it had shared this information with "strategic partners."

Jackie Xu, who lives in the Netherlands, is Floki's chief developer, according to the email. The email went on to say:

"The Floki team isn't fully anonymous, as some have claimed, but some of our team members have chosen to remain unknown temporarily to avoid distractions and for security concerns."

 

source : https://youtu.be/KQqbs8vKqUQ

TFL has called for a ban on crypto advertisements.

Following the end of a three-week poster campaign by Floki, Transport for London (TfL) was requested to limit marketing for unregulated financial products. The public transit operator in the United Kingdom's capital has indicated that there have been no significant complaints concerning crypto advertisements.

However, several British lawmakers have raised concerns that the TFL should not have allowed the Floki Inu adverts. Siân Berry, a member of the Green Party's London Assembly delegation, posed the following question to Sadiq Khan, the mayor of London:

"They should have paused when the advertisement stated, 'This is absolutely unregulated; you may lose all of your money.' Cryptocurrency adverts should not be on the network, in my opinion. They're dishonest."

What is Floki, exactly?

Floki Inu is a cryptocurrency named after Tesla (NASDAQ: TSLA) CEO Elon Musk's Shiba Inu dog; Musk has been called "the Dogefather" as a consequence of his support for the meme cryptocurrency Dogecoin, which includes a Shiba Inu as its mascot. "My Shiba Inu will be named Floki," Musk posted on Twitter on June 25. On September 12, Tesla CEO Elon Musk reacted with a tweet that stated, "Floki has finally arrived." FLOKI users can choose between an ERC20 and a BEP20 coin.

Scams involving cryptocurrency

After Kim Kardashian was paid to promote Ethereum Max, a token that had been launched a month earlier by unknown developers, the head of the Financial Conduct Ability (FCA), Charles Randell, called on ministers to grant the FCA the authority to supervise crypto-assets. 

Following the introduction of the Netflix (NASDAQ: NFLX) series Squid Game, a cryptocurrency based on the program gained considerable attention at the end of October, causing its value to skyrocket by 310,000 percent in a single day, hitting $2,856, according to CoinMarketCap. A few days later, the SQUID token's value plummeted to zero in minutes as the mysterious crooks who created it fled with a claimed profit of at least $2 million.

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Ripple Powers Launches UAE-Pakistan First-of-Its-Kind Payment Corridor

The technology developed by Ripple will be used to deliver fast remittances between the UAE and Pakistan. In order to build a remittance corridor, Bank Alfalah, one of Pakistan's largest private banks, has partnered with LuLu Exchange, an Abu Dhabi-based remittance and foreign exchange firm.


The RippleNet Cloud service will be used to facilitate payments between the two nations. LuLu Exchange also created remittance lanes to India and Egypt earlier this year. Pakistanis make up about 12.5 percent of the population of the United Arab Emirates. Pakistan's second-largest source of remittances comes from the UAE.

According to Bank Alfalah CEO Atif Bajwa, Ripple aids in the strengthening of financial bridges between the two countries:

The collaboration with RippleNet will help us enhance our relationship with Lulu Exchange and the financial links between Pakistanis in the UAE and their family back home.

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Master Bot NFT sells for $172,000 on the Internet Computer (ICP) NFT market.

PokedStudio has sold a number of digital bots on an NFT marketplace, with the largest transaction bringing in 3,000 ICP. Pokedstudio, a graphic design firm headquartered in the United Kingdom, has released a collection of 10,000 distinct digital bots categorized as Animal Bot, Battle Bot, Industrial Bot, Food Bot, Game Bot, Wild Bot, Dead Bot, and one ultimate Master Bot, all of which were released on November 9, 2021. PokedStudio is a studio that develops artwork with characters and magical realms.


These bots were built as NFTs, which avoid the unnecessary energy usage of Proof-of-Work. They debuted on Entrepôt, an NFT marketplace. The first NFT marketplace on the Internet Computer blockchain is Entrepôt.app. To make a purchase with Entrepot.app, you must first link your ICP wallet, also known as the Stoic wallet. To purchase the NFT, simply press the buy button and follow the on-screen instructions. Having a funded wallet is required to make purchases.

Bots have sold for 300 ICP (about $172,140) to 3,000 ICP (approximately $172,140) on November 10th. At the time of writing, they were all sold out. Pokedstudio's first step into the metaverse is the Bots NFTs. 

What is the Internet Computer Blockchain, and how does it work?

Dominic Williams created Dfinity in 2016 with the goal of creating the Internet Computer. The Internet Computer is a digital token based on the Internet Computer Protocol (ICP), which allows anybody to create software or distribute content on the internet using smart contract-like mechanisms. The purpose of Dfinity was to reinvent the internet as a de-monopolized entity hosting safe software. On the Internet Computer blockchain, NFTs may be created. The Insane Clown Posse was the first NFT to be launched on the Internet Computer Blockchain.

On ICB, there are no gas expenses for minting NFTs.

According to Dfinity's Medium blog, Dfinity teamed with Toniq Labs to airdrop 10,000 Motoko NFTs to conference participants utilizing Stoic wallets on the Internet Computer blockchain at the recent NFT.NYC conference in New York City. This was a demonstration showing there are no gas expenses associated with minting or purchasing NFTs on a decentralized, public blockchain. On Ethereum, minting non-fungible tokens, or NFTs, can be expensive. On Ethereum, minting an NFT is treated as a transaction, and so incurs a fee. The amount of traffic on the network and the amount of computing power required to complete a transaction affect gas costs.

If you want to sell your own NFTs on the Entrepot marketplace, you must first fill out a form. A 1% marketplace fee is charged by Entrepôt, and creators can charge a royalty fee of up to 2.5 percent. The Stoic Wallet is a non-custodial wallet, which implies that the possessor retains ownership of all assets, including NFTs. The first NFT marketplace on the Internet Computer blockchain is Entrepôt.app.

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Alfalah Exchange in Pakistan and Lulu Exchange in the UAE have partnered to make remittances easier using RippleNet.

As more nations become aware of the possibilities of cryptocurrencies, the world of cryptocurrencies is expanding. Pakistan has also become a proponent of the technology, and the government is under increasing pressure to regulate cryptocurrency. While the nation was putting up an action plan, the country's largest bank, Alfalah, formed a strategic collaboration with the LuLu Exchange in the United Arab Emirates. Through RippleNet, this Abu Dhabi-based exchange aimed to speed up and expand cross-border remittance transfers.


The strategic alliance, according to sources, will allow remittances to flow between the UAE and Pakistan, Alfalah, situated in Pakistan, has never had a payment integration before. This will allow a significant portion of the Pakistani community in the UAE (almost 15%) to make quick and cost-effective moves. According to the study,

"According to their development ambitions, Bank Alfalah's FinTech effort will act as a prototype for group deployment with Lulu Exchange's sister concerns in Bahrain, Oman, Kuwait, Qatar, Singapore, and Malaysia."

RippleNet, interestingly, has been merging various banks from underdeveloped countries to provide cross-border services. Another chance for it to use its services and extend its wings in the Asia-Pacific area came with Pakistan's sixth-largest bank. Pakistan was one of the top remittance markets, according to Brooks Entwistle, Managing Director of RippleNet in APAC and MENA, and they were hoping to expand their reach into new markets by 2022.

Meanwhile, Pakistan's Sindh High Court has given the Imran Khan-led government three months to regulate cryptocurrency. This ruling was issued in October, so by January 2022, the Pakistani government should be able to provide some clarification and provide regulatory standards to cryptocurrency aficionados.

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The project proves that blockchain is more than just a fad for businesses.

Businesses may benefit from blockchain adoption if developers have access to the most up-to-date information and resources. Blockchain technology, in its most basic form, provides users with a platform for exchanging information and transactions with other people, corporations, and software. The technology, on the other hand, is just as fascinating and well-known as a term as it is useful, with a wide range of applications for solving real-world issues in novel ways. For example, the technology has been known to disrupt industries such as healthcare, real estate, supply chain, and insurance, among others.


Programming the technology to handle these challenges is complicated, despite how disruptive it is. As a result, blockchain is not widely used by programmers throughout the world. As a result, many disruptive innovation prospects never reach the commercialization stage because the cycle is too long and expensive, or because the resources required to incubate the concept and give it time to flourish and reach the market are judged useless.

Morpheus Labs set out to establish an online platform that would allow programmers to quickly study and develop blockchain-based apps in order to solve these problems. Since then, the team has established itself as a pioneer in Blockchain-Platform-As-A-Service (BPaaS) for both developers and businesses. This back end provides blockchain firms with a partner-driven paradigm for end-to-end development, allowing teams to maintain their own apps without incurring significant expenditures or effort.

As a consequence, the firm was advanced by Blockchain Foundry, a Singaporean technology cluster, and was included in the Singapore Blockchain Landscape Map and Tribe Accelerator with Oracle, Microsoft, and IBM. With significant progress achieved over the previous four years, Morpheus Labs continues to believe in true utility blockchain with solutions that actually empower and solve pain points in the industry and beyond. To put it another way, the squad claims to be "more than the hype."

It's time to go!

The platform service, according to Morpheus Labs, aims to be the "Wix" of blockchain for organizations, corporations, and developers. The team has already published practical solutions that they hope will offer value to the blockchain space by encouraging education and services that will aid in the technology's adoption.

The HUAWEI Cloud x Morpheus Labs Launchpad service, for example, is targeted at helping organizations embrace blockchain. By reaching out to important target demographics, the launchpad service aids blockchain projects in accelerating their uptake. It also helps these initiatives reach out and open doors to a developer pool when used appropriately. live utilization of their network or initiatives, and providing public communication opportunities, increasing social noise and awareness.

MORPHEUS LABS INSIGHTS ARE AVAILABLE HERE.

The team has had a lot of positive feedback so far, and they make sure that quality is maintained by forcing all projects to go through a due diligence examination to confirm the service's feasibility. On October 28, HUAWEI CLOUD and its many stakeholders held a webinar to give further information.

Businesses may utilize the MLSEED platform, which includes infrastructure, protocols, use case references, and other development tools, in conjunction with Morpheus Labs Launchpad Service to accelerate their development lifecycle. As a result, the MLSEED platform and the platform's Launchpad Service may be used together as "go-to-market" solutions for new project engagement, marketing, and validation.

When reflecting on their success thus far, one of their team members says, "Through different ways, Morpheus Labs is happy to support the adoption of blockchain by individuals, corporations, and enterprises, which is what we set out to achieve in our purpose." From our HUAWEI CLOUD Launchpad service to our educational outreach. We collaborate with key players to discuss and develop solutions that will make blockchain adoption more practical."

Educating the general public

In addition, Morpheus Labs is pushing blockchain use through boosting education in the field. Their platform was created with the intention of providing a welcoming atmosphere for students and professionals to learn more about the difficult world of blockchain and to further drive them into a world that is in desperate need of these abilities.

Morpheus Labs is now collaborating with a German institution to offer blockchain courses. They're also collaborating with a Nepalese institution and ICON to arrange hackathons for local talent. As seen by their approach to Singapore's largest union (in close collaboration with the government) to give sponsorships and new blockchain courses, the Morpheus Labs team continues to promote education.

With so many opportunities for growth ahead, measures have been put in place to provide a route for burgeoning talent in developing nations, as well as to assist connect the disconnected.

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The SEC has rejected a Bitcoin ETF on the spot market.

The SEC denied a Bitcoin spot ETF, citing the risk of fraud, sending BTC prices down for a brief period. The US Securities and Exchange Commission denied a Bitcoin spot ETF on Friday, only one month after permitting a Bitcoin futures exchange-traded fund to trade on the New York Stock Exchange, propelling BTC values to new all-time highs.

a brief summary

  • The SEC issued a long-awaited ruling on Nov. 12 rejecting Van Eck's petition to list the Van Eck Bitcoin Trust ETF. Van Eck is a worldwide ETF investment management organization. BTC's price dropped to $62,353 after the rejection order was issued, but it quickly recovered to around $64,500 within hours.
  • Allowing the fund to trade would be incompatible with "prevent[ing] fraudulent and manipulative actions and practices" and "protect[ing] investors and the public interest," according to the SEC's disapproving order.
  • A Bitcoin spot ETF would follow the price of actual Bitcoin, whereas a Bitcoin futures ETF would follow the price of Bitcoin futures contracts.
  • The decision came as no surprise. "The SEC has been consistent in its assessment that a spot Bitcoin ETF does not safeguard investors against fraud or manipulation," said Todd Rosenbluth, head of ETF and mutual fund research at CFRA Research, an independent financial research organization. That remains a significant obstacle to overcome, and it seems probable that no spot ETF will be approved in the United States for some time."
  • ProShares Bitcoin Strategy ETF, a Bitcoin futures ETF, had started trading on the NYSE a month before, propelling the price of BTC to an all-time high of US$67,000 the next day.
  • So why would the Securities and Exchange Commission accept a derivative product but not one that tracks genuine Bitcoin? "The underlying market in the crypto area is not as regulated as derivatives," Alma Angotti, partner and global legislative and regulatory risk head for global consulting firm Guidehouse, She claims that a Bitcoin spot ETF would have less costs, making it cheaper and more appealing to investors, but the SEC is hesitant to allow such direct investment due to the volatility of Bitcoin values.

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NFTs might be "as large as or bigger" than all the crypto on Coinbase, according to the CEO.

Over the past 30 days, ten times as many people have signed up for Coinbase's upcoming NFT platform as have signed up for OpenSea. As cryptocurrency exchange Coinbase prepares to launch its own nonfungible token (NFT) platform, its CEO, Brian Armstrong, has assessed the importance of the company's upcoming NFT offering.


Coinbase announced its third-quarter financial results on Tuesday, reporting $1.2 billion in income, the majority of which comes from transaction fees on trading cryptocurrencies like Bitcoin (BTC) and Ether (ETH) (ETH). The company is the largest cryptocurrency exchange in the United States, and its stock is listed on Nasdaq.

Coinbase's NFT service will enhance the exchange's operations dramatically, since the NFT platform has the ability to flip Coinbase's whole cryptocurrency business. According to Bloomberg, Armstrong made the comment on a conference call on Tuesday.

"We're extremely enthusiastic about NFTs; this is going to be a very huge area for crypto in the future, and it already is," the Coinbase CEO said, adding that it "may be as big as or greater" than the company's cryptocurrency business.

Coinbase stated in mid-October that it will develop its own NFT platform, allowing users to build, acquire, find, and exhibit Ethereum-based NFTs. Users will be able to follow different accounts and get updates, similar to how they would on social media.

Coinbase's NFT platform is expected to arrive later this year, and a large number of users have already indicated interest in trying it out. More than 1 million individuals have signed up for Coinbase's NFT waitlist just a few days after it launched in October.

The number of applications has continued to rise quickly, with Coinbase reporting that it has received over 2.5 million emails from people wanting to join the marketplace. As of Q2 2021, Coinbase has 68 million verified users and 8.8 million monthly active users, which is a small fraction of its entire user base. 

According to statistics from industry analytics source DappRadar, OpenSea, the world's largest NFT marketplace, handled over $1.7 billion in transactions in the last 30 days, with over 230,000 users interacting with its smart contracts.

Coinbase is only one of several worldwide crypto exchanges planning or launching NFT platforms in the wake of the NFT industry's meteoric rise. Sam Bankman-crypto Fried's exchange FTX was the latest to announce the establishment of a native NFT marketplace in September. In June, Binance, the world's largest cryptocurrency exchange, launched its own NFT platform.

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With'scholarships,' the Axie Infinity guild CGU assists gamers in entering the fantasy play-to-earn NFT game.

"By playing-to-earn and learn," adds CGU co-founder Sergei Sergienko, "our scholars are obtaining important new abilities that will soon be in high demand by employers setting up business in the metaverse."

Axie Infinity, a monster-fighting NFT game, has gained a lot of popularity recently, with over $600 million worth of Axies purchased and traded in the last month. On the Ethereum (ETH) network, each Axie is a nonfungible token, or NFT. Axies, like Nintendo's Pokemon series, come in a variety of rarity kinds, each with its own set of powers and qualities, with the strongest commanding exorbitant rates on the game's marketplace. Smooth Love Potions (SLPs) are earned by completing daily missions, Using their Axies to slay monsters and battle other gamers in arenas. SLPs can then be traded for a variety of cryptocurrencies.

Due to the hefty initial cost of purchasing, borrowing, and breeding Axies, in-game guilds have recently developed to subsidize players' upfront fees or provide scholarships in return for their SLP profits as they play. The Singapore-based Crypto Gaming United, or CGU, is one such in-game guild, with around 100,000 Discord users and a constant search for new scholars in the official Axie Infinity Discord.

Sergei Sergienko, co-founder of CGU, emphasized to Cointelegraph that users are not obliged to spend anything to begin playing. Instead, CGU covers all fees associated with characters and NFTs with a scholarship of up to $4,000 per participant. CGU also offers instruction and mentorship to its associated gamers in order to improve their bitcoin understanding and gaming abilities. In exchange, CGU takes a 50% commission on players' earnings, part of which are sent to CGU token investors; after that, 5% of earnings are distributed to local management in the countries where CGU operates, leaving players with the remaining 45 percent. In addition, as a social security effort, the corporation is now testing a "pension plan" of 3% to 5% for its participants.

Sergienko claims that elite players may make up to 680 SLPs each day net (after CGU's cut). The average daily gaming time for elite players is roughly six hours. Meanwhile, for 60 hours of play each month, users on the lowest end of the earnings scale might earn around $120. Even on a pro-rated basis, this amount exceeds the minimum salary for full-time labor in countries where Axie Infinity is particularly popular, such as the Philippines and Russia. Many Axie players are said to be drawn to CGU from Cuba, Venezuela, Turkmenistan, Myanmar, and African countries.

CGU also runs the crypto-freelancing platform LaborX, in addition to focusing on play-to-earn games. CGU's website has a collection of anecdotes and testimonies from players who have partnered with the organization. Sergei had the following to say about the CGU guild's and its players' long-term development:

"We also recognize that play-to-earn may be a transitory fad, so we're searching for other options for all of our employees. We're employing academics to see what happens once the buzz dies down. We can help with this because we have a freelancing platform and a lot of schooling experience."

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In the future, Apple may 'go ahead and enable' Bitcoin and other cryptocurrencies.

The news that Apple's CEO, Tim Cook, owns cryptocurrency has surprised the crypto and tech communities throughout the world. Cook stated that he owned Bitcoin and Ethereum in answer to an interviewer's question. He also said it was "acceptable" to possess such assets as part of a "diversified portfolio."

Anthony Pompliano, an investing expert, discussed the consequences of Cook's remarks and how they may disrupt the crypto sector as we know it today on his show.


An apple a day keeps the rumor mill at bay.

Cook, for one, made it clear that his investment decisions did not imply that Apple would accept cryptocurrency as payment in the future. Pompliano, on the other hand, had a different opinion. Though the investment exec said he didn't know much about Cook's crypto investments, he expressed optimism that crypto may become a component of Apple's company. He pondered aloud,

"Is there a day in the future when Apple will accept Bitcoin or other cryptocurrencies as a form of payment?" Absolutely, in my opinion...do you think there will come a day when they start to interact with things like Web 3 or some of the other goods and technologies that people are developing? Absolutely…”

He continued,

"...crypto will not be a distinct business." Instead, you're going to see cryptocurrency permeate all of the established assets and sectors."


It's no longer a 'hardcore' issue.

One thing that piqued Pompliano's interest was how it was becoming "cool" to talk about cryptocurrencies instead of jeopardizing one's professional image. He clarified,

"Of course you can talk about it now that the career danger is gone." So, whether it's Tim Cook here or someone else in a position of power or influence, whether they're in the banking business, the technology industry, or anywhere else, they can now talk about this technology in the way that is anticipated."

The investment executive also claimed that tech executives will now conduct study on cryptocurrency and join in the industry to educate themselves, and even appoint specialists to their boards of directors to ensure that cryptocurrency does not undermine their own business models. This, according to Pompliano, would increase crypto acceptance across businesses.

iCloud as a source of innovation

It isn't a new concept to bring Bitcoin to Apple. Apple's iCloud, according to American entrepreneur and MicroStrategy co-founder Michael J. Saylor, might assist transfer and store bitcoin for payments. Saylor went on to say that such innovation might boost business and help banks compete. He inquired,

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Acala and Moonbeam are being backed by Polkadot Holders for Parachains.

After receiving huge crowdloans, Acala Network and Moonbeam appear to have a good chance of winning spots in Polkadot's parachain auctions. Moonbeam and Acala Network have collected $882 million in total to compete in Polkadot's future parachain auctions.


Parachain Auctions Are Awaiting Polkadot Projects

Polkadot's parachain auctions appear to be scheduled for Moonbeam and Acala Network. According to DotMarketCap, just under 100,000 Polkadot investors have collectively donated $1.108 billion in DOT tokens to the top 13 parachain choices ahead of tomorrow's first round of auctions.

Acala Network and Moonbeam, two of the Polkadot ecosystem's most popular projects, are now dominating the fight for crowd financing, and hence appear to have a good chance of securing spots in the next auctions.

Polkadot intends to accomplish interoperability by hosting several parachain networks on its platform. It intends to support a total of 100 parachains. Because the number of teams it can accommodate is restricted, teams must compete in auctions to secure a spot. Staking DOT, which teams raise through crowdloans, is required for the auction process. Teams reward donors with tokens in return for the loans.

Acala is the top parachain competitor, according to DotMarketCap. It has thus far raised $566 million from 11.1 million DOT tokens. Moonbeam, on the other hand, has garnered 6.3 million DOT valued $316 million. Acala and Moonbeam, in particular, will be interoperable with the Ethereum Virtual Machine. Moonbeam is a smart contract development platform that is geared toward a multi-chain future. Acala Network is working on a decentralized finance ecosystem that will include a stablecoin, staking derivatives, and a decentralized exchange.

Astar, Parallel Finance, Clover Finance, and Manta Network are among the other projects that have raised considerable sums of DOT tokens. According to Polkadot's auction timetable, five rounds will be held weekly between Nov. 11 and Dec. 16.

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MEXC Pioneer has established a $100 million growth fund to support its ambitious plans.

A vibrant digital assets market has resulted from the rise of DeFi and cryptocurrencies in the previous 18 months. MEXC Global, a cryptocurrency exchange, has created a platform to help fresh enterprises, inventors, and entrepreneurs transform their ideas into reality.


The overall wealth locked in decentralized finance initiatives has increased by about 380 percent to $98 billion since October 2020. More and more individuals are discovering new methods to create tomorrow's financial goods using DeFi's unique money legos. As a result, the number of projects starting and people creating has increased.

MEXC Pioneer is introducing a $100 million growth fund to encourage blockchain technology and infrastructure initiatives, particularly those focusing on developing cross-chain infrastructures, NFTs, gaming, and decentralized financial systems, to commemorate the platform's debut.

MEXC Pioneer is the realization of renowned MEXC Global CEO John Chen Ju's mission of assisting people with fresh ideas to develop and thrive.

MEXC Global has a proven track record of driving this expansion, particularly in terms of assisting new and innovative initiatives in taking their initial steps forward. It has already backed over 100 new projects in its brief lifespan.

These include early backing for ecosystem initiatives including Solana, Polygon, Avalanche, and Algorand. All of them have become household names in the crypto-sphere. MEXC Pioneer is the outcome of the exchange's specialists and visionaries 'bottling up' the magic recipe to aid the growth of other innovative businesses.

MEXC Global has previously offered assistance in the form of ecosystem and growth funding, financial and technical assistance, and assisting each initiative in growing and sustaining their communities.

The MEXC Pioneer platform and team will not only fund and promote decentralized enterprises, but will also assist in the identification, investment, marketing of these projects, and create communities of the world's most brilliant decentralized developers and teams.

MEXC Pioneer isn't just interested in forging strong bonds between decentralized projects and ecosystems; it also wants to improve the stability and trust between projects, users, and investors, all while assisting our users and partners in their growth and development.

"In this incredible period of progress for decentralized technology, we aim to construct a specific platform with all of our resources combined to assist the innovative development teams and projects, and help bring their ideas to reality," Katherine Deng, Founder of MEXC Pioneer, stated.

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Zimbabwe is researching CBDC as opposed to cryptocurrency, Bitcoin, or any other kind of derivatives.

Africa has recently been the focus of interest in terms of cryptocurrency adoption. Zimbabwe, on the other hand, has been pondering the different possibilities with cryptocurrency as interest and use cases have grown in the country. With many anticipating that Zimbabwe will follow El Salvador's lead, the administration took a moment to emphasize that it had no plans to make cryptocurrency legal tender.


According to sources, Monica Mutsvangwa, the Minister of Information, Publicity, and Broadcasting Services, stated that cryptocurrencies will not be a local currency, adding, 

"The government wishes to reassure the people that it is not considering bringing a new currency into the economy, as certain sectors of the media have claimed." The Zimbabwe dollar is our native money, not cryptocurrency."

She went on to say,

"Like most governments throughout the world, the Government of Zimbabwe is researching Central Banking Digital Currency as opposed to cryptocurrencies, Bitcoins, or any other kind of derivatives through its Financial Technology Group."


For the whole crypto community, volatility has been a big source of anxiety. As a result, the Zimbabwean government was opposed to making it legal tender. Mthuli Ncube, the Minister of Finance and Economic Development, had previously stressed the rising popularity of cryptocurrency among young people. He had also stated that it would not be accepted as a form of payment in Zimbabwe.

Despite this, Ncube noted that the government is considering it as a new asset class. In fact, the Treasure found nothing wrong with investigating the potential utility of crypto as an asset class. He went on to say, however, that because of its volatility, it can't be utilized as a transactional currency.

According to Ncube,

"The plan is to use it as an investment asset class rather than a transaction currency, and even then, after we've made a choice, we'll ring-fence it in an offshore financial center so it doesn't circulate locally."

Over the last year, crypto has witnessed enormous growth throughout Africa. As a result, most countries are considering either regulating or prohibiting it. According to the Chainalysis analysis, the African crypto market rose by 1,200 percent between July 2020 and June 2021, with Kenya, South Africa, Nigeria, and Tanzania having the greatest penetration. Nigeria has already outlawed cryptocurrency transactions through regulated banks, while others are pondering their options.

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Double-whammy U.S. inflation news sends Bitcoin flirting with US$69,000

Bitcoin soared in response to reports that consumer prices in the United States were rising and weekly incomes were declining. On inflation worries, bitcoin prices soared within minutes of headlines showing U.S. consumer prices soaring and weekly earnings decreasing. According to Coingecko, bitcoin values momentarily surpassed $69,000 just after 9 a.m. ET.


a brief summary

  • Two reports were issued by the United States Bureau of Labor Statistics on Wednesday morning. The consumer price index rose 6.2 percent in the 12 months ended in October, the fastest rate since 1990. Over the same period, actual average weekly wages fell by 1.6 percent, according to a second real-earnings data.
  • Bitcoin peaked at US$67,043, according to Coingecko, less than a month ago, the day following the successful launch of the first U.S. Bitcoin futures exchange-traded fund.
  • Economists are examining Bitcoin's rising function as an inflation hedge in light of recent price volatility and shifts in energy markets.
  • In August, US Federal Reserve Chairman Jerome Powell proposed a fundamental policy shift that would give inflation more leeway to climb before the Fed raises interest rates defensively.

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In Europe, Polkadot ETFs outperform Bitcoin, Ethereum, and conventional finance.

For many institutional bitcoin investors, exchange-traded products (ETPs) are the next big thing. In reality, crypto-ETFs have quickly absorbed a large portion of the market. In one example, crypto-backed ETFs in the United States and Australia shattered many records in the first few days of trading.


Surprisingly, the top 20 best-performing ETFs in the European market during October were all cryptocurrency-backed ETFs. Morning Star created a list that included natural gas and Brazilian exchange-traded funds (ETFs).

Surprisingly, tokens from L-1 protocols like Polkadot and Ethereum backed the top eight ETFs. SEBA Polkadot ETC was at the top of the list (SDOT), SEBA Bank issued the bond, which began trading on the SIX Swiss Exchange in July with a 52.8 percent gain.

It was followed by VanEck's Polkadot ETFs and 21Shares' Polkadot ETFs, with DOT capturing the first three slots.


Ethereum ETFs, in particular, behind those sponsored by Polkadot. Bitcoin ETFs, on the other hand, fell farther behind. The top-ranking non-crypto ETF was ranked 34th, much to everyone's surprise, demonstrating a growing market for institutionalized bitcoin investment products.

Several European nations have taken advantage of the market opportunity by investing early in crypto-ETFs. The United States has been sluggish to approve one of its own, Last month, the first few Bitcoin Futures-backed ETFs were launched.

Despite this, many Ethereum supporters in the nation are now campaigning for an ETF backed by the cryptocurrency. Because spot BTC ETFs have yet to be approved in the United States, those backed by Ethereum, and Polkadot ETFs in particular, are still a long way off. In any case, it appears like Europe will take the lead on this issue.

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The Atari chain has teamed up with Luna PR to create a next-generation blockchain gaming coin.

The evolution of the gaming business from games like Pacman and Pong to modern-day games is extremely inspiring. The gaming business now generates over $300 billion in sales and has about 2.7 billion active players across the world. The DeFi sector is reshaping the way traditional entertainment is delivered today, and it is swiftly gaining traction in the media. The Atari Token is a decentralized cryptocurrency that was established with the goal of becoming the industry's standard token.


Atari Chain has established a strategic agreement with Luna PR, an award-winning crypto PR and marketing agency, to highlight the company's innovation and competitive advantage. The cooperation will bring Atari Chain's technological breakthroughs and operations to the attention of the public, helping them to realize their aim of creating a token that will fuel the interactive entertainment industry's future.

The Atari Token was introduced in 2020 by Atari Chain in partnership with the ICICB Group, which has a 50% position in Atari Chain LTD, a Gibraltar-based company. The ICICB Group has been granted an exclusive license by Atari Chain to create a crypto-currency-based gaming platform. The ICICB Group is a holding company with licenses in FinTech, Blockchain, Crypto Exchanges, financial houses, and hedge funds.

Atari Chain will provide developers and publishers additional choices for exploitation of Atari's goods, smart contract integration, in-game asset security, and much more, in addition to allowing the Atari Token to be utilized as broadly as possible across the interactive entertainment industry.

The native $ATRI utility token, which will serve as the standard payment for different online entertainment events, is at the heart of Atari Chain.

With its ATRI token, Atari Chain hopes to become the payment standard for a variety of online entertainment activities such as video games, gambling, and betting. Currently, fewer than 1% of gamers make money from their gaming time. Atari Chain intends to address this problem by creating a system that allows gamers to successfully swap their in-game resources for crypto tokens or even fiat cash.

Game makers will be able to use the token as a payment method directly in their games. Finally, network users will be able to utilize ATRI to watch their favorite players play, purchase resources and VCS games, and participate in interactive games like as gambling. As a platform's gas, comparable to Ethereum. The coin also includes a built-in governance mechanism that aids in the ecosystem's decentralization.

Atari Token was created with the goal of allowing billions of people to participate in the global economy. The market capitalization of $ATRI is now about $135 million.

Luna PR will also collaborate closely with the Atari team to inform consumers about the newest developments in Atari Chain, such as the Atari Smart Wallet and their rapidly expanding metaverse. This wallet will allow users to purchase and trade a variety of cryptocurrency assets, including ATRI, ETH, USDT, BTC, LTC, and BNB, 24 hours a day, seven days a week.

Atari Chain's Background

The launch of Atari Chain heralds the start of a new era in the blockchain gaming industry and cryptocurrency trading. Atari Chain, a well-known video game pioneer, plans to develop a decentralized cryptocurrency that will become the industry standard in the blockchain video game business. Over the years, Atari Chain has established a solid reputation. Their innovative gaming platform provides multi-beneficial ease of integration, security, and liquidity to both developers and gamers.

The platform brings together a vast user base and unites several initiatives into a single, open, and integrated token that can be easily linked into games and blockchain-based apps, aiming to become the world's first cryptocurrency.

Visit Atari Chain's website, Reddit, Discord, Medium, Twitter, and Telegram for more information.

Luna Public Relations

Nikita Sachdev founded Luna PR, an award-winning advising, marketing, and public relations firm, in 2017. With the support of a skilled staff, the organization has years of experience handling crypto and defi projects across five continents. Luna PR has aided a number of well-known initiatives in realizing their full potential and reaching their target audiences in the most efficient way possible.

Visit Luna PR's website, Twitter, Instagram, and LinkedIn for more information.

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Verasity has rebranded their esports Fight Club as VeraEsports.

On November 8, Esports Fight Club (EFC), the premier blockchain-powered watch-and-earn platform, revealed that its rebrand to VeraEsports had been completed successfully. Verasity, a blockchain company recognized for its proprietary Proof-of-View technology and the parent company of VeraEsports, undertook the rebranding in order to position the esports platform for major growth in the gaming industry as well as institutional collaborations.


EFC was initially introduced by Verasity in 2019 as a proof-of-concept for the company's unique Proof of View technology. Since then, VeraEsports has amassed a sizable market share in the esports streaming industry, with over 10 million users. VeraEsports users are awarded with a variety of incentives for participating with the platform, which helps publishers and streamers increase user engagement. VeraEsports users may also compete for a pool of tokens by participating in or hosting online tournaments for various titles.

VeraEsports has partnered with a variety of top gaming businesses and games, including Dota, PUBG, Counter-Strike: Global Offensive, Valorant, Riot, and others, since its debut. Verasity has introduced millions of online gamers to its blockchain-based watch-and-earn feature while also demonstrating the significant benefits of its Proof of View technology to worldwide organizations by holding tournaments and streaming of major esports titles on VeraEsports.

RJ Mark, the company's CEO, stated:

"The redesign of Esports Fight Club was done to better connect with Verasity as we aim to bring the esports and crypto communities together in a single hub— as well as to represent a whole new age in esports." We collaborated with our partners to create an entirely new gaming experience. Advertisers and content providers will benefit from a safe, transparent platform that protects them from fraud, bots, and bad actors."

VeraEsports maintains its reputation for dependability among its users and partners, assuring them that the site is free of bots and bogus news. The successful rebranding provides an opportunity for an open and innovative environment for online gaming and cryptocurrency in general. On veraesports.com, esports enthusiasts may start playing, watching, and earning points — or join the esports community on Discord. Readers may follow Verasity on Telegram and Twitter for further information on the topic.

VeraEsports is a competitive esports and video streaming platform that is fully linked with both the fiat and digital asset economies. VeraEsports, which is built on Verasity's blockchain platform, uses its unique Proof of View technology to provide marketers and sponsors with an ecosystem devoid of bots and non-human views. In the worldwide esports market, VeraEsports is providing new social and economic opportunities for video gamers, teams, event organizers, fans, and advertisers. Viewers can earn redeemable points merely by watching their favorite event streams with VeraEsports' new watch-and-earn service. https://veraesports.com/

Concerning Authenticity

Verasity.io is a blockchain platform for esports and digital content that includes both a protocol and a product layer. Verasity is dedicated to providing a better user experience for everyone involved in the digital content industry. We're trying to eradicate online ad and nonfungible token (NFT) fraud using our unique Proof of View technology, which provides transparency, security, and confidence – eventually revolutionizing how digital advertising is done. Verasity's superior blockchain technology and the greatest gamified watching experience promise to dominate the esports market. https://verasity.io

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An official from Singapore's Monetary Authority criticizes cryptocurrency as a poor store of wealth.

Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), spoke at the Singapore FinTech Festival on Tuesday, November 9, 2021, about the future of money, finance, and the internet.


In response to a question on cryptocurrency, the Managing Director stated:

“Can you tell me if cryptocurrencies are money? "As a means of commerce, a store of wealth, or a unit of account, cryptocurrencies have fared miserably thus far."

Indeed, Ravi views cryptocurrencies to be unrelated to money, and advises MAS to refer to them by their more technical name, crypto tokens, rather than their financial counterpart.

He continued, "

"We classify digital payment tokens as tokens used for payments, and organizations that provide services linked to such tokens in Singapore are subject to MAS regulation and oversight, particularly for money laundering and terrorism financing threats," says the MAS.

Because of the unpredictability of tokens as an investment instrument for private investors, the regulator appears to be taking a hard line against their use. As a result, he said, the price of cryptocurrency tokens is not based on any economic fundamentals and is subject to large speculative movements, putting investors at risk of significant losses.

Ravi, on the other hand, stated that MAS believes blockchains and cryptocurrency tokens may have a variety of good effects.

Although blockchain technology improves asset transfer transparency, he claims that there is still a need for a trusted central party, and that reliance on a central party is too expensive in the long term.

However, Bitcoin tokens have a substantial potential use case in facilitating cheaper and faster cross-border payments and trade finance. Crypto tokens must, however, have a more stable market price and significant backing to be deemed money, which is where stablecoins come in.

Ravi has high hopes for CBDCs.

As a consequence of their attempts to combine the legitimacy of fiat currencies with the advantages of blockchain technology, Stablecoins are starting to acquire popularity outside of the crypto realm.

Ravi felt more positive about the future of Central Bank Digital Currencies (CBDCs), owing to the fact that regulators bear the risk. For the time being, the MAS believes wholesale CBDCs have a lot of promise, but it's yet too early to say if retail CBDCs will follow suit. Regulators have been examining retail CBDC use cases while weighing the benefits and drawbacks of introducing a digital Singapore dollar.

Despite the benefits of retail CBDCs, Ravi does not feel that a retail CBDC is necessary in Singapore. Nonetheless, MAS said it will start Project Orchid to lay the groundwork for the nation island to issue a digital Singapore dollar in the future, if it so chooses.


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Ripple is preparing to offer a bitcoin exchange for businesses.

Ripple has announced plans to introduce a product called 'Liquidity Hub,' which would allow corporate clients to access cryptocurrencies through worldwide exchanges, market makers, and over-the-counter (OTC) platforms.


Liquidity Hub will initially handle Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Cash, and XRP, according to a blog post published on November 9 by Ripple. In addition to ambitions to introduce new digital currencies, Ripple Liquidity Hub wants to incorporate staking and yield generation features.

The Liquidity Hub, according to Ripple, intends to speed the migration to cryptocurrencies by providing a platform that allows for the efficient acquisition of digital currencies. The Ripple Liquidity Hub will also use smart order routing to discover the best pricing for digital assets. The technique is now being used by Ripple's On-Demand Liquidity platform. The Liquidity Hub, according to Ripple, would alleviate some of the difficulties that corporate customers have in obtaining cryptocurrency. It uses a simplified API to address issues like lengthy and resource-intensive integrations.

"We understand the need of simple and effective liquidity management. Cryptocurrencies and financial institutions are part of our DNA. As they prepare for a crypto-first world, it's only natural that our clients would want access to the same trusted one-stop shop for purchasing, trading, and keeping crypto assets that has fueled our own extensive work with financial institutions," said Asheesh Birla, Ripple's general manager.

As interest in cryptocurrency continues to grow, Ripple is releasing a new product. Institutional investors, in particular, are driving the current digital asset surge.

Furthermore, the launch of the new product coincides with Ripple's ongoing legal battle with the Securities and Exchange Commission. Ripple is being sued by the Securities and Exchange Commission (SEC) for allegedly raising over $1.3 billion through an unregistered securities sale. The complaint is being fought by Ripple, who claims that XRP should not be deemed a security.

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NFT Monthly Sales Top $947M as Solana Advances Against Ethereum Solana

  NFT sales volume nearly doubled in January despite the market as a whole remaining essentially flat and falling over 82% from January high...

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